Recent content by rphuga89

Phillyflipper I enjoyed looking thru the thread. There are some good posts to ponder. I wonder if you wouldn't mind clarifying your timeframe for spotting the patterns. In other words, how far out in time are you aware of where point D is going to fall? Or, are you waiting for point D to...

Wow Thanks for the quick reply! I have read O'Neils' books and he does discuss a bit about what is happening in terms of sentiment swings. Still, I have not read from anyone about the underlying workings that force the C/H breakouts to occur. Even when talking about Parabolic breakouts...

hi, the handle part usually corrects between 23.6% to 38.3% of the depth of the cup. In this case the correction is between 54 to 51.. Support band is at 50-51.. Anything below C & H is a failure pattern. Regards, Suri Suri, I wonder if you have given any thoughts about the...

Maxpi There are times when I am in tune/sync with a stock, in regards to EW, especially once waves 1 and 2 have passed. From here I find the Fib points to be helpful. I plot them out from point A to point B......make a projection in my head where I think the price will go to...then as the...

MAXPI I guess my question is Why do we see prices routinely follow these Fib points day in and day out up until breakouts occur? This is observed on any chart. Are the mm/specialists really the ones who use these to create their markets day to day until the breakouts/downs? Speaking...

This may have been answered on ET already. But, I have to ask for some feedback and opinions. I trade mostly with TA: I incorporate Fibonacci, RSI, MACD, and trend to come up with entry and exit points. I like to trade for 20 % gains as much as possible. I never short stocks. The reason I...

Congrats on the new daughter. If you only have $100 you will lose $3 per month for just keeping it in your savings account as fees..... in 34 months you will have a negative balance. Why not put it and about $2000/yr in a ROTH IRA and let it grow to something worthwhile? Regardless of the...

BIOG I just happened upon this thread. I have often wondered how a successful daytrader actually managed his cash flow around the house. When do you take a payday for paying your mortgage, car loans etc....? Do you routinely proportion the amount of gains you make to keep/reinvest or do...

Sorry if you thought I was singling you out in ripping TA. It wasn't meant for you, but rather for TA as a whole. In my trading I do use charts, but I NEVER buy or sell just on TA. I am purely a discretionary trader (or as you said...I "trade on feel"). Good luck to you as well. :) [/B]...

"Where was all this "textbook" nonsense 3 days and 400 DOW points ago? Everything in TA looks "textbook" after it happens." See page 2 of this thread. Do you know how to count EW? Look at the chart. EW 5 + 3 has repeated over and over. Maybe you just don't understand how to use TA. Let...

It looks like we will have our handle afterall. EW wave 5 ended at 1540......now we see the ABC correction underway to form the handle.......textbook. The last ABC correction forced the price down to the 40week MA (14.25'ish).... only 65 points from here. Do we dare fear this could happen...

Are you still liking this one? Finally under $86.

I guess it really is a paradox: If the fundamentals are measured/rated as OK, FAIR, GOOD, or GREAT then sentiment has already been established in the decision/rating. Whether money will follow depends on overwhelming sentiment change. Great Fundamentals must be followed by greater...

I have to disagree with the premise that "fundamentals" are the driving force. Sentiment is always, always the driving force. Sentiment can be influenced by fundamentals, world events, presidential cycles, what W Bush said last night, what China does or doesn't do next, fluffy PR, pumpers and...